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245 comments on DrumBeat: August 4, 2007

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RickD on August 4, 2007 - 10:40am Permalink | Subthread | Parent | Comments top

Please correct me if I am wrong:

High on 7/19 was 14,121
Close on 8/3 was 13,182

Down 6.65%

The Dow went down 33% between Sept 1929 and Nov 1929. By the way, I was surprised that it was not larger than this.

Rick

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Nate Hagens on August 4, 2007 - 11:08am Permalink | Subthread | Parent | Comments top

It was alot larger than this, in 1930-1932.

And 7/19 was 2.5 weeks ago - "For the week, the S&P fell 1.77 percent, while the Nasdaq fell 1.99 percent."

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RickD on August 4, 2007 - 11:22am Permalink | Subthread | Parent | Comments top

I somehow thought my Great Depression numbers were small. I'll look into the following years.

Thanks,
Rick

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Gilgamesh on August 4, 2007 - 12:13pm Permalink | Subthread | Parent | Comments top

Just an FYI but if the DJIA was to have "kept" growth pace according how the economy was "growing" then it would have had to have been at 14,000 to break even with the year 2000.

It hasn't, so the economy is somewhere like 95-96 right now i would guess.

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245 comments on DrumBeat: August 4, 2007

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